CHART OF THE DAY: Printing Money Like Crazy Sometimes Leads To Burning Witches At The Stake

A similar dynamic seems evident during Europe's medieval inflations, only now, the confused and vain effort to make sense of the enveloping turmoil saw the blame focus on suspected witches. The following chart shows the UK price index over the period with the incidence of witchcraft trials. Note the peak in trials coinciding with the peak of the price revolution.

Société Générale

Grice goes on to write that the French Revolution, Weimar Germany, and the fall of the Roman Empire all displayed a similar correlation to that above - as governments lost control of inflation, the people began to turn on each other.